Wrapped Bitcoin (WBTC)

Wrapped Bitcoin (WBTC) is an ERC20 token backed 1:1 with Bitcoin held in custody by the BitGo custodian

WBTC is available for trading on DeversiFi against ETH and USDt

This community-driven token aims to standardize Bitcoin to the ERC20 format. The proof of reserve is on-chain, which shows the exact 1:1 between minted WBTC tokens and Bitcoin stored by the BitGo custodian. WBTC token holders can directly redeem WBTC for the underlying BTC collateral by on-boarding directly with BitGo

Developed by the teams behind Kyber Network, Bitgo and Republic Protocol, WBTC (Wrapped Bitcoin) is a Bitcoin backed ERC20 token on Ethereum, with the goal of bringing BTC liquidity to Ethereum-based DEXs and Dapps. The WBTC framework is controlled and governed by the WBTC DAO consisting of participating merchants, custodians and other relevant organisations. Learn more about WBTC.

For more information, including the total amount of circulating WBTC tokens, reserves and recent minting & burning transactions, see the Wrapped Bitcoin website